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ABN Amro, the largest bank in the Netherlands,
is now offering its customers EMV smart cards using a pin code.
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In the latest stage in the migration to EMV in the Netherlands, customers
with the first EMV cards recently issued by ABN Amro will benefit
from the PIN-based security when making purchases. They will also
be able to monitor their purchases online. ABN Amro has undertaken
a seven-year approval process in cooperation with payment service
provider TSYS (Total System Service). All Eftpos terminals and ATMs
were switched to the EMV standard in 2004; the current phase involves
all new cards being issued under the new standards. As the Netherlands
has not been one of the countries pioneering the migration to EMV,
it can now benefit from the experience of its more advanced neighbours
(United Kingdom, France and Belgium), and ensure the rollout runs
smoothly. The Maestro debit card will also be made compatible with
the new system in accordance with SEPA recommendations. |
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